After a first request for bail refused, Sam Bankman-Fried reiterated his request, with the hope of returning home, pending the hearing which must decide on his extradition to the United States. Meanwhile, SBF is being held in the infirmary at Fox Hill Prison, and is said to be “in good spirits”.
Sam Bankman-Fried seeks bail
Last Tuesday, Sam Bankman-Fried (SBF) was denied a first request for bail by Chief Magistrate JoyAnn Ferguson-Pratt. According to Reuters, SBF then reiterated a new request, filed on Thursday.
The former CEO of FTX thus hopes to return home, awaiting the hearing on February 8, who must decide whether or not to extradite him to the United States. Remember that he faces up to a maximum of 115 years in prison, given the eight counts against him.
Thus, the Supreme Court of the Bahamas must examine Sam Bankman-Fried’s request for release on January 17. Awaiting the verdict, the person concerned therefore remains in pre-trial detention at the Bahamas Department of Corrections at Fox Hill.
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SBF is “in a good mood”
For now, Sam Bankman-Fried and restrained in the prison infirmary for user reviews. Doan Cleare, the acting commissioner of corrections, noted that he was “in a good mood», and gives some information on the details of his detention:
“Mr. Fried is housed in the maximum security unit of the infirmary. He receives his medication on time. The only physical visits allowed at this time are his lawyers, as well as US Embassy staff. All the others will be done by videoconference. He is with five other inmates in a dormitory. »
Regarding drugs, SBF is indeed known for taking several treatments, including a daily Emsam patch for example. Said patch contains selegiline, a molecule derived from methamphetamine used to fight Parkinson’s disease, or depression in some countries, as is the case for Sam Bankman-Fried.
So all this is just the beginning a long legal processduring which victims of FTX will demand answers and reparations.
👉 Also in the news – White House refuses to say if it will return Sam Bankman-Fried donations
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Sources: Reuters, The Nassau Guardian
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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